Friday, July 18, 2008

Oil down?

Thursday, U.S stocks soared on a sharp drop in oil. Google, Microsoft and Merrill Lynch showed disappointing results. But it is expected that the same case may not be in Friday of this week. Oil prices fell more than $5, this steep decline in oil eased some concerns about the threat of inflation on an already fragile U.S. economy.

So, down in oil prices might help the Asian markets in a positive way

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